Shiba Inu Whales Return—Will SHIB’s Price Surge?
Shiba Inu whales are back and accumulating more tokens right now, which is sparking renewed interest in potential SHIB price movements. According to some of the most recent on-chain data, long-term holders have been increasing their positions by about 5.62% despite the rather underwhelming price performance we’ve been seeing lately. Also Read: Will Swiss Bank Buy Bitcoin? Shiba Inu Whales Surge: Is a SHIB Price Rally on the Horizon? Source: The Market Periodic Long-Term Holders Make Their Move The latest on-chain data that’s been released reveals that addresses holding Shiba Inu for more than a year have increased significantly according to the Balance by Time Held metric, which is a key indicator of investor behavior. This growing whale presence is occurring while SHIB’s price continues to struggle at the moment, suggesting that experienced market participants might be seeing some potential value despite the not-so-great current market conditions. At the same time, sh...